Price $1,565,000 | Built/Renov 2000/2019 | Tenant Burger King |
Cap Rate 5.75% | Lease Type
Abs NNN | Guarantor Franchisee |
Size/SF
3,878
| Lease Start
04-01-2024
| #Units
1
|
Price/SF $403.56 | Expiration
03-31-2044
| Tenant Type Fast Food/QSR |
NOI $90,000 | R. Term 20.3 | Ownership Fee Simple |
Rent/SF
$23.21
| Increases 8.0%/5/yrs | Pop 5Mi 7,123 |
Lot/AC 1.17 | Options 4/5yrs/8% | AHHI 5Mi $72,375 |
| |
Burger King is positioned on Regional Park Road, which has a daily traffic count of 10,700 vehicles. The property boasts exceptional accessibility and visibility from US Hwy 19 Bypass, where the daily traffic count reaches 21,000 vehicles. It is conveniently located across the highway from a Food City, which is part of a shopping center anchored by a Walmart Supercenter. Additionally, the...
...Recent renovation
In location for years
Near major nationals
Strategically located
Highway location
Long 20+ yr lease
Strong sales history
Absolute NNN
Traded and rated company
Personal guarantee
Burger King is an American-based multinational chain of hamburger fast food restaurants, and the second largest fast food hamburger chain in the world. The Burger King menu features their...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 1,172 | 4,881 | 6,797 |
2023 Total Population : | 1,175 | 4,981 | 6,976 |
2023 Employed Civilian Pop : | 616 | 2,388 | 3,203 |
2023 Total Businesses : | 118 | 311 | 341 |
2023 Average Household Income : | $ 71,827 | $ 73,353 | $ 73,633 |
2023 Total Consumer Spending : | $ 35 M | $ 139 M | $ 194 M |
2023 Median Age : | 45 | 45 | 45 |
2023 Total Households : | 561 | 2,154 | 3,000 |
2023 Pop Age 25+: Bachelor's Degree : | 69 | 433 | 643 |
2023 Average Home Value : | $ 207,985 | $ 190,778 | $ 182,618 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Pittston Rd | 2018 | 11,000 | 0.20 mi | |
US Hwy 19 Byp | Pittston Rd | 2016 | 9,900 | 0.20 mi |
East Main Street | Hurt St | 2021 | 7,600 | 0.37 mi |
Main St | Ford Ave | 2016 | 8,300 | 0.39 mi |
Pittston Road | Overlook Dr | 2020 | 16,000 | 0.41 mi |
Pittston Rd | Overlook Dr | 2016 | 9,600 | 0.42 mi |
Main St | Pittston Rd | 2016 | 8,300 | 0.45 mi |
Pittston Rd | Co Rd 654 | 2016 | 1,500 | 0.46 mi |
Pittston Road | Pittston Rd | 2020 | 1,400 | 0.52 mi |
East Main Street | Ridge Dr | 2020 | 4,700 | 0.66 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]